Tower Gate Developments Limited - Limited company - abbreviated - 11.0.0
Tower Gate Developments Limited - Limited company - abbreviated - 11.0.0
REGISTERED NUMBER: |
Abbreviated Unaudited Accounts for the Year Ended 31 March 2014 |
for |
Tower Gate Developments Limited |
Tower Gate Developments Limited (Registered number: 04415989) |
Contents of the Abbreviated Accounts |
for the Year Ended 31 March 2014 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 3 |
Tower Gate Developments Limited |
Company Information |
for the Year Ended 31 March 2014 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Tower Gate Developments Limited (Registered number: 04415989) |
Abbreviated Balance Sheet |
31 March 2014 |
31.3.14 | 31.3.13 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
CURRENT ASSETS |
Stocks |
Debtors |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 3 |
Revaluation reserve |
Profit and loss account | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
The financial statements were approved by the Board of Directors on by: |
Tower Gate Developments Limited (Registered number: 04415989) |
Notes to the Abbreviated Accounts |
for the Year Ended 31 March 2014 |
1. | ACCOUNTING POLICIES |
Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective April 2008). |
Turnover |
Turnover represents net invoiced sales of properties. |
Tangible fixed assets |
Freehold property | - |
Fixtures and fittings | - |
Stocks |
Company stock and work in progress represents freehold land and buildings purchased with a view to |
refurbish,redevelop and generally modernise before sale. Any work carried out in progress is shown as purchases |
and reflected in the cost of the appropriate buildings, closing value. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
Investment properties |
Investment properties are accounted for in accordance with Statement of Standard Accounting Practice No 19, |
with the effect that: |
The surplus or deficit from the annual revaluation is transferred to investment revaluation reserve unless a |
deficit, or its reversal, on an individual investment property is expected to be permanent, in which case it is |
recognised in the profit and loss account for the year. |
No depreciation or amortisation is provided in respect of freehold or leasehold investment properties in |
accordance with the FRSSE (effective April 2008).Such properties are held for their investment potential and not |
for consumption within the business. This is a departure from CA 2006 which requires all the properties to be |
depreciated and the directors consider that to depreciate them would not enable the financial statements to give a |
true and fair view. Investment properties are stated at their market value at the balance sheet date. Depreciation |
or amortisation is only one of many factors reflected in the annual revaluation and the amount which might |
otherwise have been shown cannot be separately identified or quantified. In case where a deficit on a revaluation |
occurs which is in excess of its revaluation reserve, the amount by which the deficit exceeds the reserve is |
charged to profit and loss account.Taxation is not provided for on any revaluation surplus until a property is sold |
and contracts thereon exchanged. |
Tower Gate Developments Limited (Registered number: 04415989) |
Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 March 2014 |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2013 |
Disposals | ( |
) |
At 31 March 2014 |
DEPRECIATION |
At 1 April 2013 |
Eliminated on disposal | ( |
) |
At 31 March 2014 |
NET BOOK VALUE |
At 31 March 2014 |
At 31 March 2013 |
3. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.14 | 31.3.13 |
value: | £ | £ |
Ordinary | £1 |